Economy

With US economy dead since 2008, only thing left for Fed is to print trillions of dollars in debt 🎞️
The US Federal Reserve’s balance sheet could skyrocket to more than $9 trillion by the end of this year, amid massive interventions to shield the economy from the coronavirus pandemic, according to the Financial Times. RT’s Keiser Report looks at the chart, showing that in 2007 there was “barely anything” on the Fed’s balance sheet. “The crisis hit in 2008 and you see the injustice [...]
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THE GREAT RESET (Explained!)
We'll be looking at: - What is The Great Reset? - What is the World Economic Forum? (WEF) - What is the significance of Davos, Switzerland? - Who pays for the Davos conference? - Who are the key players involved? - What is the 4th Industrial Revolution? - And finally, could there be a potential financial reset? - What does all this mean for you? If you enjoy my videos, please remember to click [...]
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The “controlled” demolition of the American Empire
An empire is at its most dangerous when it’s failing. With less and less to lose, it continues to try to do the impossible by doubling down on past mistakes. But history tells us that empires fall from within. If so, technically, how does a modern empire meet its inevitable fate? Author Charlie Robinson joins host Ross Ashcroft to discuss the fall of the American Empire. [...]
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Russia to dominate world’s platinum & palladium production with new Arctic project
The Arctic Palladium project which involves development of several platinum-group metal deposits on Russia’s Taimyr Peninsula is nearing completion. It is expected to turn Russia into the world’s top producer of platinum metals. The platinum-group metals (PGMs) is a group of six metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum. They have similar physical and chemical p [...]
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Why China is better prepared than other economic powers for any global crisis
While the world’s second-largest economy, China, has suffered its first contraction on record due to the Covid-19 pandemic, some experts argue the country has been preparing for a possible crisis for a long time. RT talked to economists to find out if Beijing may have foreseen the economic crash and about the Chinese government’s response to it. “Nobody, including Beijing, could have [...]
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We’re at peak insanity: The Fed’s fiscal profligacy and greedy tech oligarchs are sinking capitalism faster than the Titanic
During my 40-year Wall St career, I’ve never seen a mania like this. The problem is that central banks are rogue hedge funds with printing presses who are not elected or accountable and make policies that are consistently wrong. US stock markets were rocked last week by massive volatility that saw the most significant declines since the March correction. The US Congress and Federal Reserve polic [...]
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America becoming another banana republic – Max Keiser ️
In this episode of the Keiser Report, Max and Stacy look at the accumulation of debt in the United States in memory of David Graeber, author of ‘Debt: The First 5,000 Years’. Max also talks to Otavio ‘Tavi’ Costa, portfolio manager at Crescat Capital, about credit exhaustion among other things. They point out that the US Federal Reserve and other major central banks have a problem of m [...]
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‘I don’t like saying it, but something will replace the US dollar’: Investor Jim Rogers says century of USD reign is ending
The dollar is on the brink of losing its status as the world’s main reserve currency, prominent US investor Jim Rogers told RT, following reports of China’s plans to drop a huge chunk of its American debt holdings. With a national debt of over $26.5 trillion, “the US is now the largest debtor nation in the history of the world, and it’s getting higher and higher every day,” Rogers said, [...]
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LEE CAMP:  28 Million Evictions Loom as Houses Sit Empty
America is not based on hard work. Get it out of your head that this society is set up to be fair. Fair would be everyone with a roof over their head. Congress’s inability to actually represent the real-live human beings of America, combined with an economic system that rewards lack of empathy and an excess of greed, has brought us to a dark time when an oncoming tsunami of financial ruin, desti [...]
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How Much Is Really a ‘Living Wage’ in Every State?
How Much Is Really a ‘Living Wage’ in Every State? Can you afford to live where you are? The answer depends on two factors — your earnings and the cost of living in your area. The federal minimum wage in the United States is $7.25 per hour. Some states and a few cities set their minimum wages higher. The cost of living varies a great deal across the country. Even in lower-cost areas, a minim [...]
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Customers Turn Down American LNG in Growing Numbers Amid Global Supply Glut, Traders Say
American LNG exports are estimated to have dropped by around a half since January due to a collapse in demand which led to lack of storage space in overseas facilities. Buyers of US-extracted liquefied natural gas (LNG) may cancel up to 60 percent of July orders, as the energy industry is reeling from a global glut caused by the coronavirus pandemic, Bloomberg reports, citing a survey of [...]
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As US Jobless Numbers Top 38.6 Million, Billionaires’ Wealth Balloons by $434 Billion
The staggering increase in wealth inequality comes despite, or perhaps in part because of, several rounds of cash injections by the federal government to corporations, big banks and to a lesser extent, ordinary Americans which have added trillions of dollars to the US national debt. The wealthiest 600+ Americans saw their total wealth increase by $434 billion between March 18, when the go [...]
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Europe needs €1.5 TRILLION to recover or single market could ‘break in two’ – EU economy commissioner
The European Union urgently requires financial injections to stay afloat and survive the coronavirus epidemic currently ravaging the continent, the European commissioner for economy, Paolo Gentiloni, has warned. A whopping €1.5 trillion ($ 1.63 trillion) could be needed to “deal with this crisis,” Gentiloni told Der Spiegel ahead of the EU leaders summit on the crisis sparked by the outbreak [...]
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Forget the oil prices, the whole US dollar bubble is deflating – Peter Schiff 🎞️
The drop in oil prices is likely to be short-lived, veteran stock broker Peter Schiff told RT, since the deflation of the whole US debt bubble and crash of the dollar will make the prices of oil and other commodities bounce up. Decline in demand for oil due to the coronavirus epidemic, further reinforced by the demise of the OPEC+ production cuts agreement, has crashed the US and world markets, se [...]
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American clinics report up to 400% rise in abortion requests. If there’s a Covid-19 economic collapse, this will get much worse
“Having a child right now feels like a big luxury.” Facing an out-of-control disease, a grim economic climate and with some states banning abortions as non-essential, many women are rushing to terminate their pregnancies. “Having a child right now feels like a big luxury.” Facing an out-of-control disease, a grim economic climate and with some states banning abortions as non-essential, man [...]
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‘Historic Yet Insufficient’: Goldman Sachs Predicts Crude Prices to Further Dip After OPEC+ Deal
Fresh market data shows that Brent as well as WTI prices briefly rebounded by 1-3 percent in the hours after the OPEC+ talks on Sunday, but then showed a downward trend, which a top Wall Street bank says is likely to continue in the coming weeks. Goldman Sachs has forecast that oil prices will continue to fall in the weeks to come, arguing that a “historic yet insufficient” OPEC+ deal [...]
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How Record Global Cuts Brokered by Russia, Saudi Arabia, & US Will Affect Oil Market
After days of intense negotiations and video conferences OPEC+ and G20 have sealed a deal aimed at tackling the oil market imbalance. Economic analysts have explained how the newly introduced cuts will affect the market in the short- and medium-term. On Sunday, Russia, Saudi Arabia, and the US struck a deal with the world's petroleum producers for major oil output cuts in response to a d [...]
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Covid-19 may cause deepest economic crisis ‘of our lifetimes’ — WTO chief
The coronavirus pandemic is likely to spark an unprecedented fall in global trade as well as an economic crisis rivaling the Great Depression, the head of the World Trade Organization (WTO) has warned. “We confront what may well be the deepest economic downturn of our lifetimes,” the organization’s Director General Roberto Azevedo said in a grim forecast. [...]
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For 40 years I watched ‘rampant fraud’ on Wall Street destroy capitalism, Covid-19 nailed its coffin shut
The Covid-19 market turmoil set off a chain of flashbacks in my mind, from crisis to crisis over the past 40 years. They all fit together in a picture of Wall Street fraud and criminal policies, with the virus as the last straw. Last week, I spoke with a young stock trader currently working on Wall Street. I remember saying: “The last time I remember seeing volatility like this in markets, my 40 [...]
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The US was named the best equipped country to deal with a pandemic not a year ago — what happened there?
Just last year, the US topped a list of the countries best equipped to deal with a pandemic. But the experts have egg on their face as America spirals into Covid-19 catastrophe. What went wrong? It looks clear now that the US is going to be one of the countries worst affected by the coronavirus pandemic. Their stock market has gone into full blown meltdown, and is set for its worst quarter of all [...]
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US stimulus just ‘another temporary bandage’ adding to massive amounts of debt – chief strategist tells Boom Bust 🎞️
The US Senate and the White House have reached an agreement on a $2 trillion relief plan to buffer the economy as fears of a deep global recession continue to mount amid the coronavirus outbreak. RT’s Boom Bust is joined by Todd Horwitz of Bubba Trading to discuss the measure and its impact on financial markets. Horwitz says that the stock markets’ positive reaction looks like a short [...]
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Decadent like the late Roman Empire, the West is committing suicide through its irrational response to Covid-19
Many think Covid-19 is some kind of alien invasion that spells the end of the world. But the real threat to us is a much deadlier virus: a hatred of all the values that have underpinned our civilization for centuries. For years, I was puzzled as to why the Roman Empire ceased to exist and was replaced by communities that were uncivilized by comparison. How and why could mankind’s progress revers [...]
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